USD/JPY rose immediately after the Bank of Japan announced that it will keep its monetary policy unchanged. The decision lowered demand for yen, while the Fed's inclination for a more aggressive rate hike increased demand for dollar.Technical picture:The quote is above the upper line of the Bollinger indicator, above SMA 5 and SMA 14. Meanwhile, both the relative strength index (RSI) and the stochastic indicator just entered the overbought area.Possible dynamics:The pair may rise to 131.50 after a slight correction to 129.45.
